The Clark County Commission has approved the use of the Las Vegas Strip for its Formula 1 Grand Prix until 2032, reports ESPN, opening the door for the current three-year deal with F1 to be extended.

Last year, a Las Vegas GP was confirmed to be in the works, although the circuit is yet to be homologated by the FIA, and it seems that city officials are eager to take advantage of the event should it prove successful.

Although the Las Vegas GP is still more than 280 days away, some hotels are already selling extravagant packages at $1 million or more. With tourists willing to spend so much to get close to the action, it's no surprise that officials want to encourage successive races on the Strip.

"I think it's important to note that we have a three-year contract with Formula 1, but we anticipate a lifetime in partnership," said Clark County commissioner James Gibson. "This [approval] will open the pathway to be able to do it for at least 10 years. And then beyond that, I'm sure that those who succeed us will see the value in what we've done and continue doing it forever."

The Las Vegas GP is scheduled to take place on a Saturday evening rather than the traditional Sunday slot. This will be unusual, but the reasoning behind it, according to Las Vegas GP CEO Renee Wilm, is to run the race at a time when it would be suitable for Europeans to see it live early on Sunday rather than Monday morning.

F1 CEO Stefano Domenicali has also defended the decision to host the race on a Saturday at 10 PM as this is when most Americans would have watched live races elsewhere in the world anyway.

As for the city of Las Vegas, it will benefit from an influx of tourists from Thursday instead of Friday, and many will stay on until the end of the weekend. Perhaps Red Bull will offer rides around the circuit course in Ford Mustang and Mustang Mach-E racers provided by its new partner.

Whatever Sunday holds, with a full day to explore the city's attractions, your Sin City GP weekend can be capped off comfortably. The free Sunday would also give out-of-towners extra travel and rest time to get home after the race.

The Las Vegas Grand Prix is set to be one to remember, but the hope is that we can relive it every year for the next decade.